Anonymous
22 March 2011 at 17:03
any one can help me in my query.
we are pvt new company and we have big project now for porject we need land , we have no money to purchase land.
so we want to make agreemet with land owner to give land for our porject and when that land sold for part of porject we will tranfer that money to land owner...
Anonymous
22 March 2011 at 17:02
For more information and help visit www.airyourlegalqueries.com
Anonymous
22 March 2011 at 17:00
Dear sir
M y mother had been issued the letter of aministration for the property worth of one crore
the querry is
1, any asset if sold within three years are bound to have in come tax or mere title change is supposed to be Gift. if mu mother is thinking of distributing it to their childrens say 4 + to the two daughters of his brother what will be the procedure
2, if she pays tax like high capital tax gain or low capital tax gain and distributes to the children and brothers daughter whether the receiver has to pay further tax or will it be treated as gift
3, what is the maximum limit above which the gift tax has to be paid
regards
R_PVK
Anonymous
22 March 2011 at 16:57
Kindly clarify over the following:
FEMA regulations:
1.Investment in Partnership Firm / Proprietary Concern
A Non-Resident India17(NRI) or a Person of Indian Origin18 (PIO) resident outside India can invest by way of contribution to the capital of a firm or a proprietary concern in India on non-repatriation basis provided;
i. Amount is invested by inward remittance or out of NRE / FCNR(B) / NRO account maintained with Authorised Dealers / Authorised banks.
ii. The firm or proprietary concern is not engaged in any agricultural / plantation or real estate business (i.e. dealing in land and immovable property with a view to earning profit or earning income there from) or print media sector.
iii. Amount invested shall not be eligible for repatriation outside India.
2.Investments with repatriation benefits
NRIs / PIO may seek prior permission of Reserve Bank19 for investment in sole proprietorship concerns / partnership firms with repatriation benefits. The application will be decided in consultation with the Government of India.
3. Investment by non-residents other than NRIs / PIO
A person resident outside India other than NRIs / PIO may make an application and seek prior approval of Reserve Bank20, for making investment by way of contribution to the capital of a firm or a proprietorship concern or any association of persons in India. The application will be decided in consultation with the Government of India.
I) As per the above clause 2, what is the procedure( forms to filed) to get approval from the GOI to avail the repatriation benefits by NRI/POI? Can he repatriate the income earned over the investment without any GOVT approval?
II) As per the above clause 3, what is the procedure( forms to filed) to get approval from the GOI to enalbe a person outside India other than NRI/POI to invest in a partnership concern in India? Can this guy repatriate the invsetment and earnings without Govt's approval? If not, how to get permission for such repatriation?
kindly brief me the procedure to get approval for the above two cases .
regards
Anonymous
22 March 2011 at 16:44
Dear Sir
As per below links appears that as per supreme court no Excise duty applicable on Ayurvedic Medicines
1) parliamentoindia.nic.in
2) timesofindia.indiatimes.com/articles/ msid-1447233
3)www.business-standard.com/india/news/no-dutyayurvedic-medicine
Please reply me so that we can follow as per rules.
thanking you
ADITYA NATH MISHRA
22 March 2011 at 16:33
Sir,
I want to know about labour cess , who have deposit the labour cess
Kirti Kar Tripathi
22 March 2011 at 16:22
Whether resort will fall within the scope of Hotel as an establishment as defined in 2(ii)(g) of the Payment of Wages Act, if not, can any body provide me any citation.
Anonymous
22 March 2011 at 15:38
Hi,
I joined a MNC IT company and after 2 days of joining formalities I didn't go to office due to personal reasons.
Initially the company sent me 3 letters regarding my asbsence from work to which I replied them on e-mail that you can go ahead and terminate me but I cannot join back due to personal reasons.
Now, the company has sent me the letter that "We assume you are leaving the job on your own violition. When we settle the dues, we reserve the right to recover the 2 months salary in lieu of notice period".
Please help me how shall I approach this situation.
Thanks for your help.
Anonymous
22 March 2011 at 14:38
can u plz send me specimen of cover letter written along with copy of petition filed with ROC and specimen of affidavit varifying despatch,publish and service of notice to creditors.Doc. required for change of registered office from one state to another state
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Imposition of levy
Can a royalty (or any tax or fee) be imposed, for the first time, without the authority of law or a notification not having the force of law (i.e. through a mere executive decision)? If not, continued payment of the levy for more than three decades would be held out as an estoppel or limitation for seeking relief from the Court?